“Exclusively Representing Tenants and Buyers of Commercial Real Estate”

12

Mar2019
This is a common question. Listing agents generally enter into an agreement with the building owner. The commission the seller is willing to pay is outlined in that agreement. The percentage of commission can be based on a number of factors. Usually the listing agent and the buyer agent split ... Read More
March 12, 2019Lynn Drake

01

Mar2019
Let’s start with Tom. Tom not only owns commercial real estate; he owns a brokerage firm as well. Tom’s buildings are well maintained. If you call the property manager, whatever you need fixed will get fixed. Tom works quickly to get your lease proposals upon request. He will accommodate almost ... Read More
March 1, 2019Lynn Drake

28

Feb2019
Here are some before and after shots of Rivard Plaza in Detroit, MI.
February 28, 2019Lynn Drake

26

Feb2019
A good agent knows the market and can save you a significant amount of time. On most purchases, I spend anywhere from 50 to 100 hours on a single transaction. Agents have access to tools, and possibly listings, that you would never know about without them. I believe everyone can ... Read More
February 26, 2019Lynn Drake

15

Feb2019
Every year my partners from ITRA Global gather to learn from each other. In 2017 we took a trip to Atlanta, Georgia. While there, we went to see the former Sears warehouse in Atlanta. It was a fascinating tour. The former warehouse now houses restaurants, stores, office space, living space, ... Read More
February 15, 2019Lynn Drake

12

Feb2019
You will need a commercial agent, an attorney, a banker, an inspector, and possibly someone who handles construction. If you are going to hire a commercial agent, do some research on who to hire. Most people think that every licensed real estate agent has the same experience, but that simply isn’t ... Read More
February 12, 2019Lynn Drake

05

Feb2019
Meet the Landlords: Tom, Dick, Harry, and Pat They are all commercial real estate landlords, and if you don’t learn anything about them before you lease space, you might make a leasing mistake—a mistake that will cost you lots of extra money and stress! My clients often ask me if they need ... Read More
February 5, 2019Lynn Drake

31

Jan2019
Here are before and after pictures of the GM Plaza. Notice the beautiful water in front of the building.
January 31, 2019Lynn Drake

29

Jan2019
Identifying and finding the ideal building is similar to the finding a lease property. First, you need to determine what type of building is required. You can put a regular office user in any commercially zoned office space. However, you can’t put a medical user in any office building. The space ... Read More
January 29, 2019Lynn Drake

24

Jan2019
The first step is to do some soul searching. Is it better to lease or buy a building? Is your business still growing? If so, how much time do you have until your team outgrows the building. What is the cost to lease versus the cost to buy a building?
January 24, 2019Lynn Drake